USDJPY has carved out some interesting technical patterns.
Currently, we have an at market Cypher Pattern.
I'm looking at the H&S pattern that formed at Strong Resistance and will looking to sell a rally back into the pattern. Targets are shown on the chart. Stops are 1 ATR above the right shoulder and plus a few extra pips to get my stops behind that random ...

USDCAD has been in a very strong downtrend. It just broke support and is now pulling back into the form of a Bearish Bat Pattern. I will be using the Bat Pattern for my short entry and will be taking targets back down at the lows.
Best of Luck!

GBPJPY has been in a Bearish Trend. It has recently pulled back into previous structure in the formation of a Bear Bat Pattern. Price has now Double Topped at the Bear Bat entry point with RSI divergence. For me stops will go 1 ATR Above the Double Top and I've shown a few examples of where one could take profits. Great R:R no matter where you are taking ...

It assembles more likely a ZIGZAG to the upside.
On daily chart I am assuming that an ABC has formed as second wave. My forecast for long term is BEARISH.
https://www.tradingview.com/x/rd5Nh9r5/
LIKE & FAVORITE to be updated.
Cheers!

Hello Traders,
Today I have a Bat advanced pattern potential completion on the GBPUSD 1H. If this bat completes, it will technically be invalid because of an invalid risk/reward profile according to my stoploss rule. However, since this pattern is on the 1H (relatively smaller timeframe), I will allow myself to move my SL placement to a 1:1 risk/reward in order ...